Susan Hayes Culleton
๐ค SpeakerAppearances Over Time
Podcast Appearances
And going back to the very beginning of our conversation around job growth, I would also like to ask you this, to repeat the figure, 43% of all new jobs added, but that was last month's job report.
Do you think that's an anomaly?
Is this something that could be sustainable into the future as diseases are in one way created and then solved and people live longer?
Or is this something that is just happening at the moment?
And Kevin Warsh is banking his whole nomination on that very point is that AI is going to lead to disinflation, which of course is slowing inflation as opposed to another word beginning with E that I'm not going to mention.
But I do want to ask you about this AI point because in preparation for talking to you, I spoke to some people this week who are immersed in the medtech sector and
And they're saying to me that there is a gap between the theory of what AI can do and the reality of what it can do, because companies are so reticent of putting client or patient data into it and risking a data leakage or, of course, the impact of clinical results going wrong as a result of hallucinations, etc.
That actually, while you and I might talk about the possibilities of this, is that when it comes to this on the ground, there's much more risk aversion to this than we might think.
And it's interesting, isn't it, how there becomes a new trade-off in that regard, is that would one give up, as you say, their privacy or the privacy of their own respective data in exchange for more efficient healthcare?
That's a new conundrum we're facing now in society.
I just want to finish off our conversation about the boomers in particular.
When it comes to one being in retirement and let's say having the time and the money to invest in your healthcare as you go along, that's one thing.
But you make the point here that not only do the boomers have most of the wealth, many of them are also still working.
So is it the case that they may be spending more on their own healthcare and yet going back to that second line item that you mentioned for employers, there's also still very high costs of health insurance for them
And so Rana, is it the case that our conversation today is likely to permeate well into the future because quoting another one of your statistics here from the BLS, the Bureau of Labour Statistics, that healthcare employment
So it's 2024 to 2034 projections so that healthcare and the social assistance sector will be the fastest growing sector over the next decade.
So this conversation that we're having is likely to be repeated many times in future.
Oh, I think so.
An emergency from the perspective of employment or on the inefficiency of spending?
Thank you for rounding out with that, actually, because indeed, the conversation about what the deficit might be actually spent on, the fact that that might change as a result of what we've been talking about today, does bring another perspective to it.